Common use of Events of Default and Handling Clause in Contracts

Events of Default and Handling. 10.1 Occurrences of Party B’s default events can be regarded as one of the followings: 10.1.1 Breach of provisions of Subsection (1), Section (2) in Article (6) herein, for providing Party A with false information or concealing the real material situations and mismatching with the investigation, review and inspection of Party A; 10.1.2 Breach of provisions of Subsection (2), Section (2) in Article (6) herein, for not accepting or evading Party A’s supervision of the use of credit funds, the related production and management and financial activities; 10.1.3 Breach of provisions of Subsection (3), Section (2) in Article (6) herein, for using the loans and other credits against the Agreement herein and each specific contract;